Latest news with #MaieHamdy
El Fagr
22-05-2025
- Business
- El Fagr
Valu Closes its 15th Securitized Bond Issuance، Worth EGP 1.036 Billion
Valu، MENA's leading universal financial technology powerhouse، announced today that it has finalized its 15th securitized bond issuance، worth EGP 1.036 billion، with EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، this brings Valu's total securitizations value to EGP 12.3 billion. The issuance is the fifth under the newly approved securitization program، which is worth a total of EGP 16.0 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization، the issuance's special purpose vehicle (SPV)، with a 10-month bond، a Prime 1 (sf) rating، and a fixed interest rate. Karim Riad، CFO of Valu، commented، 'This transaction is a testament to our long-standing and strategic partnership with EFG Hermes. As we continue to scale and diversify our operations، securitization remains a vital component of our funding strategy، enabling us to deliver more innovative financial solutions and reach wider segments of consumers in Egypt and beyond.' Maie Hamdy، Managing Director - Debt Capital Markets at EFG Hermes، added، 'Our fifth issuance under Valu's EGP 16 billion program reflects the deep trust and consistent collaboration between both institutions. This deal highlights our unmatched structuring capabilities and our ability to tailor complex capital market transactions to support the high growth trajectory of fintech pioneers like Valu.' EFG Hermes served as the sole financial advisor، transaction manager، bookrunner، underwriter، and arranger on the issuance. Arab African International Bank (AAIB) acted as the underwriter and custodian bank. Dreny & Partners was the legal advisor، and Baker Tilly was the auditor.
El Fagr
27-03-2025
- Business
- El Fagr
EFG Hermes Concludes Advisory on Bedaya Mortgage Finance's Sixth Securitization Issuance Worth EGP 1.64 Billion
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division successfully concluded advisory on the EGP 1.64 billion securitized bond issuance for Bedaya Mortgage Finance، a subsidiary of EFG Finance، and one of the leading non-bank mortgage providers in Egypt. The issuance comes as their sixth since inception and the fourth in a wider EGP 3.0 billion program. The bond is backed by a receivables portfolio assigned to Capital for Securitization، a GB company، as the issuance's special purpose vehicle (SPV) and is comprised of four tranches with variable yields، structured as follows: Tranche A – Valued at EGP 130.96 million، with a 13-month tenor and a credit rating of AA from Middle East Rating and Investors Service (MERIS) Tranche B – Valued at EGP 450.18 million، with a 36-month tenor and a credit rating of A from MERIS Tranche C – Valued at EGP 597.5 million، with a 60-month tenor and a credit rating of A- from MERIS Tranche D – Valued at EGP 458.4 million، with an 81-month tenor and a credit rating of A- from MERIS Maie Hamdy، Managing Director - Debt Capital Markets at EFG Hermes، said، 'We're pleased to have once again played a key role in supporting Bedaya Mortgage Finance on their sixth securitization issuance، a testament to their outstanding performance and the strength of our ongoing partnership. This transaction reflects the depth of investor confidence in Bedaya، and the strength of our debt capital markets platform in structuring and executing transactions that support our client's long-term funding strategies. This sixth issuance marks a shift in the advancement of the mortgage finance sector in Egypt. At EFG Hermes، we have an unwavering commitment to delivering innovative، tailor-made debt solutions that unlock unmatched value for our clients and drive sustainable growth across the economic landscape.' Tarek Abou-Gendia، CEO and Managing Director of Bedaya Mortgage Finance said، 'This sixth issuance reaffirms our long-term vision of creating accessible and inclusive mortgage financing solutions for the Egyptian market. Working alongside EFG Hermes has enabled us to develop a dynamic securitization program that not only strengthens our liquidity position but also enables us to extend financing to a wider segment of Egyptians seeking to own homes. As we look ahead، we remain committed to driving innovation in the mortgage space and playing a pivotal role in shaping the future of real estate financing in Egypt.' This transaction marks the latest in a series of debt issuances advised by EFG Hermes in the region. Most recently، EFG Hermes advised Valu on its 14th securitized bond issuance، worth EGP 463.3 million، as well as the fifth securitization for Bedaya، valued at EGP 1.78 billion. The firm also concluded advisory on Sylndr's EGP 300 million working capital facility. It also completed a short-term note valued at EGP 433 million for EFG Corp-Solutions back in June and a senior unsecured short-term note for Hermes Securities Brokerage Company (HSB) in an EGP 600 million transaction. EFG Hermes acted as the sole financial advisor and transaction manager، as well as a book-runner، underwriter، and arranger، on the transaction. The National Bank of Egypt (NBE)، Arab African International Bank (AAIB)، Banque Misr، and Al Baraka Bank acted as the underwriting banks. The National Bank of Egypt (NBE) also acted as the placement agent. Arab Banking Corporation (ABC) also acted as a subscriber to the transaction. Abu Dhabi Commercial Bank (ADCB) acted as the custodian bank. Barakat، Maher & Partners، in association with Clyde & Co، acted as legal advisors. Sherif Mansour Dabus of Russell Bedford served as the auditor.
Zawya
02-03-2025
- Business
- Zawya
Valu closes its 14th securitized bond issuance, worth EGP 463.3mln
Cairo: Valu, MENA's leading universal financial technology powerhouse, announced today that it has finalized its 14th securitized bond issuance, worth EGP 463.3 million, with EFG Hermes, an EFG Holding company and the leading Investment Bank in the Middle East and North Africa (MENA). The issuance is the fourth under the newly approved securitization program, which is worth a total of EGP 16.0 billion. The bond is backed by a receivables portfolio assigned to EFG for Securitization, the issuance's special purpose vehicle (SPV), with a 12-month bond, a Prime 1 (sf) rating, and a fixed interest rate. Shokry Bidair, CFO of Valu, commented, 'This issuance marks another milestone in our strategic partnership with EFG Hermes as we continue to strengthen our capital structure and fuel our expansion plans. Accessing diversified funding avenues through securitization enables us to further scale our offerings, deliver cutting-edge solutions to our customers, and sustain our leadership position in the fintech space.' Maie Hamdy, Managing Director - Debt Capital Markets at EFG Hermes, added, 'Building on the momentum from last year, where we successfully closed Valu's 8th to 13th securitizations, this first issuance of 2025 reaffirms our strong track record in executing complex transactions that cater to our clients' evolving needs. Our continued collaboration with Valu underscores EFG Hermes' leadership in structuring and delivering strategic financing solutions that support the rapid growth of Egypt's fintech sector.' EFG Hermes served as the sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Suez Canal Bank acted as the issuance's underwriter and placement agent, and Arab African International Bank (AAIB) acted as the custodian bank. Arab Banking Cooperation (ABC) and others were the subscribers to the issuance. Dreny & Partners was the legal advisor, and Baker Tilly was the auditor. About Valu: Valu is the leading universal financial technology powerhouse offering customers and businesses convenient and comprehensive financial solutions. Under its product universe, Valu pioneered Buy-Now, Pay-Later (BNPL) solutions in the MENA region through U, providing customizable financing plans for up to 60 months across more than 8,500 stores and online platforms – covering a diverse array of categories, including home appliances, electronics, home finishing, furniture, residential solar solutions, healthcare, education, travel, and fashion, among others. Valu also offers investment products, an instant cash redemption program, savings solutions, and a financing solution to facilitate the purchase of big-ticket items up to EGP 60 million in the luxury space through the AZ Valu fund and EFG Hermes ONE, Sha2labaz, Akeed, and Ulter respectively. In addition, Valu offers business-to-business solutions through Valu Business. Valu had recently introduced its prepaid card and co-branded credit card in collaboration with Visa. As an award-winning fintech player in the MENA region, Valu embraces a progressive mindset with an agile workforce committed to architecting innovative financial solutions. About EFG Holding EFG Holding (EGX: – LSE: EFGD) is a financial institution that boasts a remarkable 40-year legacy of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) — the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a microfinance player, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, PayTabs Egypt, a digital payment platform, Bedaya for mortgage finance, Kaf for insurance, Fatura, a technology-backed B2B marketplace and EFG Finance SMEs which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria | Learn more about us at For further information, please contact: May El Gammal Group Chief Marketing & Communications Officer of EFG Holding melgammal@ Omar Salama Senior Communications Manager of EFG Holding osalama@ The EFG Holding Public Relations Team PublicRelations@ Note on Forward-Looking Statements In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management's expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding's belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management's control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
